Tag: Kenya

Kenyan mobile network Safaricom and Vodacom, the South African division of Vodafone, have acquired phone-based money transfer service M-PESA.

Catalyst Fund has received a new £12m commitment from UK aid and J.P. Morgan to help it bring financial inclusion for underserved people around the world.

P2P payment startup Chipper Cash has secured new investment to expand into new African markets.

Turaco has netted $1.2m in a seed round. The Kenyan InsurTech startup will use it to expand into new markets and place new pilots and partnerships.

Having already cemented its position as one of the top three nations for FinTech in Africa, Kenya has passed a new law to attract more tech investments.

Kenya is looking to establish a regulatory sandbox to support the FinTech sector in the country, with its being ‘at the cusp of operationalising that policy.’

Kenya-based Equity Group has spun off its mobile virtual network operator (MVNO) Finserve as an independent FinTech company.

Kenya-based P2P lending platform Pezesha has reportedly received an undisclosed strategic seed round of funding.

Kenya-based InsurTech platform Bismart has received an investment from GreenTec Capital.

Gates Foundation Accelerator has announced the next four FinTech companies it will invest into.